The Fair Share Report
4 Harrell Ave
Monroe, NJ 08094
The town corrects for market drift once a year — but only on average. This report measures whether this house drifted with the herd or away from it.
This home's full record →Check another house →
Step 1 · Market value
Likely range $270,460 – $335,256, from 12 comparable Monroe sales in the past 18 months (home size estimated from assessor data — range widened).
Step 2 · The Director's Ratio
The state's official measure of how far Monroe assessments sit below market value — republished every October, applied town-wide. A $308,148 home should be assessed near $183,256.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $50,356 below what the ratio math suggests (27.5%).
Step 4 · The tax rate — same for every Monroe home
$2.028 Schools · 54% $0.694 County · 18% $1.046 Town · 28%
Step 5 · The bill
This home vs. every recent Monroe sale · assessed ÷ market
34%74%
Paying about right
This home's ratio lands inside Monroe's normal band. The drift hasn't singled it out — no case for a tax appeal.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 584 CLAYTON RD | 2025-11 | $165,000 | 1,188 | 75.9% |
| 53 WILLIAM AVE | 2025-07 | $349,000 | 1,315 | 45.9% |
| 1303 N TUCKAHOE RD | 2025-09 | $330,000 | 1,276 | 37.0% |
| 809 CRYSTAL DR | 2025-06 | $280,000 | 1,134 | 44.5% |
| 422 WINSLOW RD | 2025-04 | $321,000 | 1,435 | 45.6% |
| 1729 HERBERT BLVD | 2026-03 | $285,000 | 988 | 46.6% |
| 521 SICKLERVILLE RD | 2025-09 | $315,000 | 1,200 | 42.3% |
| 1018 MICAWBER DR | 2026-04 | $315,000 | 1,248 | 53.6% |
| 1614 ATLANTIC AVE | 2025-08 | $365,000 | 1,650 | 56.9% |
| 1322 CORKERY LN | 2025-03 | $230,000 | 1,328 | 72.1% |
| 2415 WINSLOW RD | 2025-01 | $250,000 | 1,474 | 75.4% |
| 1011 S BEECHAM RD | 2026-01 | $340,000 | 1,275 | 46.8% |
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